Cheap Apartments for Rent in the Lexington Terrace Neighborhood of Baltimore, MD from $400 (289 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lexington Terrace area of Baltimore.

Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

Explore the best places to live in Baltimore, from Charles Village to Fells Point, with a guide for employees of the city's major employers.

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property at 710 N Fulton Ave

$750 - $1,100

1 To 2 Bedroom Rentals

Available Now

710 N Fulton Ave

BaltimoreMD21217
property at 210 N Mount St

$800 - $1,350

1 To 2 Bedroom Rentals

Available Now

210 N Mount St

BaltimoreMD21223

Rent According to Income: A Look at Income-Restricted Rentals

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834 N Carey St, Unit 3
$850
Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850
1 Bedroom Apartment Available Now

834 N Carey St, Unit 3

834 N Carey StBaltimore, MD 21217
Cost Per Sq.Ft.

Baltimore's Best Affordable Neighborhoods

Learn about Baltimore and the best places to live with original content written by our Local Expert Sarah Bregel

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property at 1108 N Bond St

$950 - $1,150

1 To 2 Bedroom Rentals

Available Now

1108 N Bond St

BaltimoreMD21213

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 2572 McCulloh St

$995 - $1,350

1 To 4 Bedroom Rentals

Available Now

2572 McCulloh St

BaltimoreMD21217
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1720 McCulloh St, Unit 4
$1,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000
2 Bedroom Apartment Available Now

1720 McCulloh St, Unit 4

1720 McCulloh StBaltimore, MD 21217
Cost Per Sq.Ft.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Lexington Terrace, Baltimore, MD Local Guide

Cheapest Available Lexington Terrace Apartments for Rent

 

The cheapest available apartment rental in the Lexington Terrace area of Baltimore, MD is a 1 Bed unit found at Penn Square I priced from $600. Renaissance at Reservoir Hill has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Lexington Terrace apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Penn Square I1 Bedroom/1 Bath C1BR,1BA$600
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880
849 Park Ave1 Beds, 1 Baths1BR,1BA$899
Saint Paul RegencyStudio apartmentStudio,1BA$925
Avon1 Beds, 1 Baths1BR,1BA$925
Printers Square Apartments1 Bedroom1BR,1BA$933
Queen Esther Apartments2 bedroom townhome2BR,1BA$950
Live 501SLS / 296Studio,1BA$970

Best Value Apartments for Rent in Lexington Terrace, MD

As of July 31, 2026 the best value apartment in the Lexington Terrace area is the $1.04 price per square foot Unit 401 Model at The Brown's Loft in the in the Inner Harbor neighborhood starting from $1,590. The second greatest value Lexington Terrace apartment is the 3 Bedroom Model at Union Rowe starting at $1,379 with a $1.04 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Lexington Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Brown's LoftUnit 4012BR,1.5BA$1.04
Union Rowe3 Bedroom3BR,1BA$1.04
1017 Hollins St1017 Hollins St1BR,1BA$1.04
The Chateau and The RivieraRiviera - Two Bedroom2BR,1BA$1.13
2735 W North Ave, Unit #32735 W North Ave2BR,1BA$1.09
Northwest TownhomesThe Axis2BR,1BA$1.02
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
1720 McCulloh St, Unit 41720 McCulloh St2BR,1BA$1.00
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
Penn Square I1 Bedroom/1 Bath A1BR,1BA$1.09

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Beyond the Classroom: Discovering Baltimore's Best Student Friendly Neighborhoods

Baltimore Student Housing - Find your perfect rental! Explore top neighborhoods near Baltimore colleges & universities for vibrant student living.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Lexington Terrace, Baltimore, and the greater Baltimore area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Lexington Terrace Apartments

What is the Cheapest Studio apartment in Lexington Terrace?

Currently the most affordable Cheap Studio Apartment in Lexington Terrace is at 300 W Fayette St listed at $900.

How much is rent for a Cheap One Bedroom Lexington Terrace Apartment?

The lowest price for a Cheap One Bedroom Lexington Terrace Apartment is $600 at Penn Square I.

What is the lowest price for a Cheap Two Bedroom Lexington Terrace Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lexington Terrace is starting from $768 at Penn Square I.

What is the most affordable Lexington Terrace Three Bedroom Apartment?

The best deal on a cheap Lexington Terrace Three Bedroom Apartment rental is at Mulberry at Park and starts from $739.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

Written by: Sarah Bregel

Baltimore, Maryland may have a reputation for being crime-ridden and dirty (you really hurt us, The Wire). But honestly, as a longtime resident, I have to let you in on something: that couldn't be further from the truth.

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Beyond the Classroom: Discovering Baltimores Best Student Friendly Neighborhoods

Written by: Sarah Bregel

Baltimore, Maryland is an incredibly vibrant town known for some amazing colleges. I had the pleasure of growing up sandwiched between a few of them.

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A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sarah Bregel

There are few cities more eclectic and diverse than Baltimore, Maryland. I should know. I've lived in various parts of Baltimore for most of my life.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.